Retail: 224 m2
Hotel: 4,191 m2
Residential: 1,435 m
Approved development. Demolition of existing structures and construction of
a part 16/17 storey mixed use building comprising 72 hotel rooms, 13
residential apartments and ground level lobby containing future cafe retail and bar
The DA approval which came through is for a 72 room hotel (4,191sqm
GFA), 13 residential apartments (1,435sqm GFA) and Retail (224sqm GFA).
Also below is the latest tenancy schedule.
The current total gross income is approximately $1,114,305 p.a. with
current net income at. $912,159 p.a. (approx.). All tenancies have demo
clauses in option periods (if any option).
Price guide: $45 million